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iScience Surgical Inc.

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Foundry Offspring Sires First Company

ForSight Labs LLC, the incubator founded in 2005 by The Foundry spun out its first company, Transcend Medical Inc., a company targeting glaucoma. Morgenthaler Ventures and Split Rock Partners teamed up to supply the company's first round of financing.

Medical Device Business Strategies

An Early Peek at Glaucoma Devices

The clinical community has long been searching for a safe and effective surgical alternative to drugs for glaucoma, but the field has moved slowly. A decade ago, non-invasive laser procedures began earning a place as a second-line therapy with limited durability. Invasive surgeries are reserved for end-stage glaucoma because of their complexity, their serious complications, and their high failure rates. Venture firms believe a large, unmet clinical need represents a new $1 billion device market, and the pace of glaucoma device company creation is picking up.

Medical Device

How VC-Backed Companies Can Get More Out of Their Boards

VC-backed start-ups may need to think and act differently, perhaps more judiciously, about effective governance than more established firms. The stakes for start-ups are higher and the environment for failure is less forgiving than for established enterprises. In addition to their oversight role, directors at start-ups should be considered strategic assets. Developing a relation-based model built on a board/CEO partnership can increase the odds for success.

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